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  • One of his Manzi’s central points is that climate change just ain’t all that damaging, economically speaking: it will reduce global GDP by “only” 5 percent one hundred years hence, he writes […] The problem with GDP is this: it varies greatly across counties, by a factor of 800 or so on a per-capita basis between Burundi and Luxembourg… A lot of countries contribute almost nothing to global GDP, even though they may have tens or hundreds of millions of people. You could literally wipe them from the globe and the impact on global GDP would be de minimis.
    Why don’t we try and do that, in fact? Let’s see how much of the world we can destroy before getting to 5% of global GDP.
    (del.icio.us tags: climatechange economics )
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  • Remarkable graph in the Economist showing that not only is total healthcare spending per person in the US vastly more than any other rich country; public spending is higher than any other country on its own. Every taxpayer already pays more in taxes for healthcare than they would if they lived in Germany, France, the UK, Sweden… incroyable.
    (del.icio.us tags: healthcare America )
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